A wedding is perhaps one of the most costly expenses that you’ll shell out in your life. It’s something that you certainly want to budget for, even if you’re not looking to spend an absolute fortune on the event itself.

It’s useful to know what to expect when it comes to financing a wedding, especially as there are many elements to this day that need planning ahead of time. From the wedding venue to the cake and photographer, there’s a lot of expense even if you do it on a limited budget.

With that being said, here are some top tips to save for a wedding this year.

Set a goal

A goal is a great way to get yourself started when it comes to a wedding. Everyone is different and everyone has access to different incomes, which means your budget might be vastly different to another couple.

How much do you want to spend on the wedding? The average couple spends around £20,000-£30,000 on their wedding day. That’s an incredible amount of money for the sake of one day. However, it’s a special day, and therefore to many, it’s a justified cost to spend.

With that in mind, set a goal of how much you want to save in order to cover the budget that you have for the wedding.

Set aside a monthly amount for savings

When you know how much you want to save, you also want to detail some estimates on each supplier of the wedding. From the wedding cake price to the cost of the venue hire itself, it’s good to know how much you’ll need for each supplier, especially as many will want to be paid at different points along the way.

Setting aside a monthly amount for savings is important too and you want to set aside as much as possible without it taking too much of a drain on your current lifestyle and expenditures.

Ask for help from family

You might be in the fortunate position to get help from family members. Of course, it’s not the case for everyone but if you’ve got the opportunity to lend money or be gifted money from your family to help toward the wedding, then this is a great way to make up the funds needed to spend on the wedding of your dreams.

Take up more work

It’s worth ensuring you can cover the expense of the budget you set for the wedding. If you really can’t cut costs, then you might want to consider the option of taking up more work.

There are a lot of opportunities out here to make use of as a side hustle. If that’s something that you can fit into your life, then it’s certainly worth doing, especially if it’s only temporary.

Cut down on your expenditures

Finally, it’s worth cutting down your expenditures during the time that you’re saving so that you’re not making it too much of a tight squeeze. Again, it’s just a temporary change that will help your savings goals for the big day.

Make use of these tips to save successfully for your wedding day in the future.

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